About the big plunge in the price of the Korean cryptocurrency circle!
After the martial law is lifted, how to restore the cryptocurrency ecosystem?
Zhenkang has found the answer!
Open the door, lift restrictions, and promote industrial upgrading!
The Korean cryptocurrency circle ushered in a second spring.
About why everyone is wondering why the price of Bitcoin in South Korea has shrunk to 60,000 US dollars, while the data we see has rebounded to 93,000. Why are the prices inconsistent?
In fact, each platform actually has its own independent price. Generally, in order to prevent others from arbitrage, they will try to achieve the same price in real time. In essence, the currency prices in the platform are all internal prices, so only some Korean exchanges have shrunk Bitcoin. The callback we see is due to insufficient buying power. It causes shorts to crush longs.
Of course, not all Koreans use upbit, and there are still some Koreans who use other platforms. This is why the callback is not large.
In addition, as this incident ferments, we may see the reorganization of the Korean power system. Politics is a superstructure based on the economy, which is already realistic at this moment.
